Sidoti Upgrades ICF International (NASDAQ:ICFI) to Buy

ICF International (NASDAQ:ICFI) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has a $185.00 target price on the business services provider’s stock. Sidoti’s price objective would suggest a potential upside of 35.55% from the company’s current price.

ICFI has been the subject of several other research reports. Barrington Research reaffirmed an “outperform” rating and set a $174.00 target price on shares of ICF International in a research note on Friday, September 20th. StockNews.com raised ICF International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Truist Financial raised their price target on ICF International from $155.00 to $180.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ICF International has a consensus rating of “Buy” and a consensus price target of $177.25.

ICF International Stock Up 2.3 %

NASDAQ ICFI opened at $136.48 on Tuesday. The business’s fifty day simple moving average is $165.65 and its 200-day simple moving average is $154.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. The firm has a market cap of $2.56 billion, a PE ratio of 23.99 and a beta of 0.61. ICF International has a 52 week low of $128.28 and a 52 week high of $179.67.

ICF International (NASDAQ:ICFI) last posted its earnings results on Friday, November 1st. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.36. The company had revenue of $517.00 million for the quarter, compared to analyst estimates of $528.02 million. ICF International had a net margin of 5.38% and a return on equity of 14.68%. ICF International’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.81 EPS. As a group, equities analysts anticipate that ICF International will post 7.45 earnings per share for the current year.

Insider Buying and Selling at ICF International

In related news, EVP Anne F. Choate sold 1,438 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $173.63, for a total value of $249,679.94. Following the transaction, the executive vice president now directly owns 3,417 shares of the company’s stock, valued at $593,293.71. This trade represents a 29.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Scott B. Salmirs purchased 400 shares of ICF International stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $138.38 per share, with a total value of $55,352.00. Following the completion of the transaction, the director now owns 5,803 shares of the company’s stock, valued at $803,019.14. The trade was a 7.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 6,823 shares of company stock valued at $1,165,078. Insiders own 1.39% of the company’s stock.

Institutional Trading of ICF International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. grew its stake in shares of ICF International by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 353,824 shares of the business services provider’s stock valued at $59,014,000 after purchasing an additional 34,299 shares during the last quarter. Tilia Fiduciary Partners Inc. acquired a new position in ICF International in the 3rd quarter valued at $2,364,000. Argent Capital Management LLC lifted its stake in shares of ICF International by 10.2% in the 2nd quarter. Argent Capital Management LLC now owns 27,418 shares of the business services provider’s stock worth $4,070,000 after acquiring an additional 2,542 shares during the period. Marshall Wace LLP acquired a new position in shares of ICF International during the second quarter worth about $301,000. Finally, SG Americas Securities LLC raised its holdings in ICF International by 730.3% during the second quarter. SG Americas Securities LLC now owns 9,225 shares of the business services provider’s stock worth $1,370,000 after purchasing an additional 8,114 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.